Initial Option. On the Grant Date (as defined in Section 16), the Company shall grant to Executive an incentive stock option (the “Initial Option”) under the Company’s 2008 Stock Incentive Plan (the “Plan”) to purchase 367,317 shares of Common Stock (as defined in Section 16), which represents 1.5% of the total number of shares of Common Stock issued and outstanding on a fully-diluted basis as of the Effective Date.
Initial Option. At the time of the initial public offering of the Trust’s common shares of beneficial interest, $0.001 par value, (the “Shares”), the Trust shall grant to Executive an option (the “Initial Option”) to purchase 50,000 Shares, at a price per Share equal to the public offering price of the Shares. The Initial Option shall become exercisable with respect to 1/4 of the Shares on the first anniversary of the date of grant and the remaining 3/4 of the Shares shall become exercisable in increments of 6.25% on the same day as the date of grant of every third month, beginning with the third month that commences after the first anniversary of the date of grant, provided that the Executive is employed by or providing service to the Company or Trust on each such date. All other terms and conditions of the Initial Option shall be governed by the Trust’s standard stock option agreement for such grants.
Initial Option. On June 14, 2023, Executive was granted stock options to purchase 4,122,091 shares of the Company’s common stock (the “Shares”) (the “Initial Option”). The Initial Option was granted in accordance with the Company’s 2022 Incentive Award Plan (the “Plan”) and related stock option documents. The Initial Option has an exercise price per share equal to the fair market value on the grant date, as determined by the Board. Subject to Executive’s continued employment with the Company, the Initial Option will vest over a four-year period starting on the Effective Date (the “Vesting Commencement Date”), with 25% of the shares fully vested twelve (12) months after the Vesting Commencement Date and the remainder vesting in thirty-six (36) equal monthly installments over the subsequent three (3) year period.
Initial Option. As soon as practicable after the Effective Date, the Compensation Committee of the Board shall approve a grant of stock options to purchase 4,230,000 shares of the Company’s common stock (the “Shares”) (the “Initial Option”). The Initial Option shall be granted in accordance with the Company’s 2022 Incentive Award Plan (the “Plan”) and related stock option documents. The Initial Option shall have an exercise price per share equal to the fair market value on the grant date, as determined by the Board. Subject to Executive’s continued employment with the Company, the Initial Option will vest over a four (4) year period starting on the Effective Date (the “Vesting Commencement Date”), with 25% of the shares vesting on the date that is twelve (12) months after the Vesting Commencement Date and the remainder vesting in thirty-six (36) equal monthly installments over the subsequent three (3) year period.
Initial Option. At the first meeting of the Board or the Board’s Compensation Committee at which stock options are granted following the Start Date, it will be recommended that Executive be granted a stock option to purchase 1,000,000 shares of Company common stock at an exercise price equal to the fair market value on the date of grant (the “Initial Option”). Subject to the accelerated vesting provisions set forth herein, the Initial Option will vest as to 1/48th of the shares subject to the Initial Option on a monthly basis on the same day of the month as the Start Date (and if there is no corresponding day, the last day of the month), subject to Executive continuing to provide services to the Company through the relevant vesting dates, so that the Initial Option will be fully vested and exercisable four (4) years from the Start Date. The Initial Option will be subject to the terms, definitions and provisions of the Company’s 2005 Stock Plan (the “Option Plan”) and a stock option agreement by and between Executive and the Company (the “Initial Option Agreement”), both of which documents are incorporated herein by reference.
Initial Option. As further consideration for Executive’s employment, promptly following Executive’s Start Date and subject to approval by the Board, Executive will be granted a nonstatutory stock option (the “Initial Option”) under the Company’s 2015 Equity Incentive Plan, as amended (the “Plan”) to purchase that number of shares of the Company’s common stock that is equal to 4.25% of the fully-diluted capitalization of the Company (defined
Initial Option. During the Original Option Period, each Remaining Member shall have the option to purchase that number of Units subject to the option ("Option Units") which bears the same proportion to the total number of Option Units as the number of Units owned by such Remaining Member at the commencement of the Original Option Period bears to the total number of Units which all such Remaining Members then owned.
Initial Option. The first option shall be granted to the Executive on or about the date hereof and shall cover 262,500 shares of Common Stock. Such option shall vest at an amount equal to 1/16th of the entire original grant on each three month anniversary of June 21, 2012, (ii) acceleration of vesting for at least 50% of the entire original grant (or the remaining unvested portion if less) if a Change of Control (defined below) occurs prior to any Termination Effective Date, (iii) a prohibition on the sale of any Common Stock of the Corporation which was obtained by the Executive as a result of the exercise of all or part of the Option until the earlier to occur of: (A) the termination of this Agreement, (B) Change of Control or (C) January 1, 2013, (iv) deferral of vesting of any form for so long as the Executive is not in compliance with Section 2. 8(a) regardless whether a temporary exemption was provided pursuant to Section 2.8(b) hereof (unless the Board explicitly provides that vesting shall continue during such exemption period), (v) an exercise price of US $3.20 per share, (vii) a restriction on the exercise of such Option in the event that such exercise would trigger any event under the Corporation’s then existing shareholder rights plan; (viii) cessation of any vesting immediately upon the effective date of any termination or resignation of the Executive (for any reason) and an explicit acknowledgement that no vesting (or acceleration of vesting) shall occur during any severance period and (ix) such other terms as normally contained in the form of Option grants currently in use by the Corporation.
Initial Option. The Initial Option shall vest as to 25% of the shares issuable thereunder on the first anniversary of the Start Date, and the remainder shall vest in equal monthly portions over the following 36 months, for a total four-year vesting period, all as set forth in greater detail in the Initial Option.
Initial Option. Ansan has granted to Titan an option of even date herewith (the "Initial Option") exercisable at any time prior to June 21, 1997 to purchase 333,333 shares of Ansan Common Stock at a purchase price of $3.00 per share payable in cash.
